Federal Labor has restated its policy commitment to set up 10 Community Power Hubs to allow more people to regain control of their power costs and supply.
Bill Shorten says acting on climate is biggest global economic opportunity of next few decades in budget reply, as Labor recommits support for ARENA.
The release of Labor’s climate policy has led immediately to a resumption of World War I style trench warfare. It is a disgrace
Labor’s climate and clean energy commitment – including zero carbon target by 2030 – forces Turnbull government into Abbott-era scare campaign on prices. This, as Bloomberg New Energy Finance says Australia should be even more ambitious in short term and aim for 63% cut in emissions by 2030.
Labor proposes $206 million funding round for solar towers, will protect ARENA, and free investment shackles from CEFC.
Labor says it would bring in its emissions trading scheme in two stages, together with a separate scheme for the electricity sector.
UBS takes a look at Labor’s 50% proposed renewable energy target. It says households could play critical role with solar and storage, and the whole scheme may not cost much more than business as usual. And the grid should cope just fine.
Labor facing grass-roots push to commit to bold climate and clean energy targets, including 50% renewables by 2030 and 50% cut in emissions.